Risk Register | Download Risk Register Template:
Last updated on October 5th, 2024 at 10:35 am
Download Risk Register Template:
Hi Reader! Today we are going to discuss an important topic, which is called Risk-based thinking and Risk management. The organization uses different types of tools to identify the Risks but here, we will be discussing one of the popular tools, i.e. Risk Register. As we know most probably business standards like QMS, EMS, OH&SMS, etc. are now risk-based thinking approaches. So we will only concentrate on learning how to use the Risk register with Examples.
DOWNLOAD–the Risk Identification Template in Excel.
DOWNLOAD–the Risk Record Template in Word.
Risk Identification Template in Pdf.–DOWNLOAD
If you are interested to know about Risk Management, then Click here.
How to Use Risk Register Template:
Step-1: Download the Above Template by simply clicking on the Download link.
Step-2: Read carefully the terminology.
Step-3: The severity Table is given in the Excel Template in a Separate Sheet, So don’t forget to download the Excel Template.
Step-4: Read carefully the sample example written in red colour in Template.
Example: Before I describe the Template, Please go through the below figure.
Terminology:
[1] Risk No.: Unique identification of each and every identified risk.
[2] Risk: Details about the Risk.
[3] Mitigating Action: Action to eliminate the Impact of Risk.
[4] Contingent Action: Action to eliminate the re-occurrence of Risk.
Here, in the above Figure, I have taken an Example of Customer complaints. So let’s get started with details about the above complaint.
High Line rejection at the Customer end was the Risk which has the score value 6 and severity is coming under the High Level. The criteria of probability and impact depend upon the organization’s decision. For a sample basis, I have taken the severity ranking according to the below data;
A Mitigation plan has taken w.r.t the Root Cause Analysis, so here Increasing the core curing time was the corrective action and contingent action is the Preventive action
FAQ:
Q1: Where can we use this template?
A1: You can use this template in Project management, Risk Management, to identify the QMS, EMS OHSAS, and Business-related risks.
Q2: Who will decide the Criteria of Probability, Impact, and Severity?
A2: The organization itself will decide the criteria as to what it would be.
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TECHIEQUALITY
The Author is an Expert in Quality Management System, Operation Management, Business Excellence, Process Excellence, IATF 16949, ISO 9001, ISO 14001, ISO 45001, ISO 17025, TQM, TPM & QA. He is Certified as an IA for ISO 9001, IATF 16949, ISO 14001, ISO 17025 & ISO 45001 Standard.